{"id":551123,"date":"2023-01-31T09:01:39","date_gmt":"2023-01-31T03:31:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551123"},"modified":"2023-01-31T09:28:50","modified_gmt":"2023-01-31T03:58:50","slug":"budget-2023-to-increase-capex-for-infra-projects-for-growth-experts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2023-to-increase-capex-for-infra-projects-for-growth-experts\/","title":{"rendered":"Budget 2023 to increase capex for infra projects for growth: Experts"},"content":{"rendered":"<p>Union Budget 2023 will increase capital expenditure for infrastructure by 25-30 per cent as it spends on highways, railways, and digital infrastructure, experts have said.<\/p>\n<p>The government\u2019s infrastructure focus will continue, as such spending has a multiplier effect on overall economic growth. FY24 budgetary allocation for roads and highways is likely to increase by 12-15 per cent and for railways, it will rise by 30 per cent, said Mehul Pandya, managing director and chief executive officer of CareEdge (CEO), a rating and advisory group.<\/p>\n<p>The last Budget focused on high-impact areas and increased capex outlay by 35.4 per cent (from Rs 5.54 trillion to Rs 7.50 trillion in FY 2022-23) and that investment is likely to strongly augment infrastructure spending, according to a report by EY.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Budget 2023 will increase capital expenditure for infrastructure by 25-30 per cent as it spends on highways, railways, and digital infrastructure, experts have said. The government\u2019s infrastructure focus will continue, as such spending has a multiplier effect on overall economic growth. FY24 budgetary allocation for roads and highways is likely to increase by 12-15 per cent and for railways, it will rise by 30 per cent, said Mehul Pandya, managing director and chief executive officer of CareEdge (CEO), a rating and advisory group. The last Budget focused on high-impact areas and increased capex outlay by 35.4 per cent (from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-551123","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551123"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551123\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}